Official boom over in Australia. A$3 coffee located in Perth. http://t.co/jzsNa0uF4N
13 minutes ago
Category Archive: Consumption
-
Euro Area Retail Sales Portend Negative Quarter of Real Consumption
Today Eurostat released its June estimate of real retail sales for the Euro area. On a month/month basis, real retail sales increased at a rate of 0.1%. However, on a trended basis, the 3-month/3-month average growth rate was down 0.7% in the three months ending in June. Given that the 3-month trended pace of contraction quickened [...]
-
European Daily Catch: Know Your Consumers
Today’s European Daily Catch compares the aggregate implications of the reported January 1-point rise in French household confidence to the reported January stabilization of Italian consumer confidence. Specifically, French consumers could be ‘happier’ but that doesn’t necessarily mean they’re spending more, while Italian household confidence translates rather directly to aggregate spending patterns. Domestic demand is a large contributor to GDP growth [...]
-
European Daily Catch: Unemployment and Retail
Global labor reports prevailed today, but the US employment report took center stage. I’ll not comment on that report, so as to keep with my generally all things European theme here at The Wilder View. However, a quick sift through my feed reveals rather cynical takes: see Dean Baker’s comments here and here; Spencer’s take here; Jake’s [...]
-
This Is What You Get When Policy Makers Become Complacent
The prospects for domestic demand in the US are not bright. The labor market barely generates jobs and fiscal policy is a drag. Americans are consuming; but there’s unlikely sufficient nominal income growth to stabilize consumption expenditure growth at current levels. We’ve seen years where consumption growth outpaced income growth; but those periods of consumption were financed [...]
